Are we just scratching the surface when it comes to what NFTs are capable of?
Counterfeiting, piracy and copyright infringement are all big problems in the digital realm. Could turning products into NFTs help solve some of these issues? Since bursting into mainstream consciousness in 2021 — and even being the subject of a parody on Saturday Night Live — nonfungible tokens have become best known for serving as a vehicle for digital art.Although this application is revolutionary in itself, many crypto enthusiasts believe the industry is only scratching the surface when it comes to developing compelling use cases for NFTs.One of the biggest challenges when buying and....
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The co-founder of Animoca Brands, Yat Siu, claimed that NFT games are only scratching the surface of what’s possible. In this week’s newsletter, read about how Animoca Brands co-founder Yat Siu believes that nonfungible token (NFT) games are only at the tip of the iceberg in terms of potential. Check out how an executive at Kraken highlighted that NFTs will be as disruptive as Bitcoin (BTC) and how a museum in Ukraine is preserving the country’s cultural heritage through NFTs. In other news, find out how an industry executive claimed that brands have a lot of responsibility in terms of....
Yat Siu thinks it's only a matter of time until more advanced models of NFT gaming are created, designed around the ideas of digital ownership, interoperability and economic utility. Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what's possible and predicts completely new models of gaming will be developed as a result of digital ownership.Speaking to Cointelegraph, Siu likened the potential growth of NFT gaming to mobile phone gaming, which started out relatively niche and clunky in its formative stages before rocketing to....
A listing at Coinbase and the upcoming sale of the first real estate NFT in the U.S. appear to be providing a boost to PRO price. Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of. One project focused on expanding the functionality of NFTs beyond the digital art space is Propy, a protocol focused on the integration of blockchain technology with the real estate....
NFTs and DeFi have taken the world by storm in recent years, but both industries have downsides. Bringing them together could be a force for good. Ask someone what an NFT is, and they'll instinctively think of digital art — the CryptoPunks, Bored Apes and Ether Rocks that have sold for eye-watering sums.In some circles, nonfungible tokens have been dismissed as a vehicle for speculation, with critics lamenting that demand for such assets is fueled by greed.But this argument doesn't give us the full picture. We're barely scratching the surface of what these one-of-a-kind tokens can achieve....
Love them or hate them, you cannot ignore them. Yes! We’re talking about non-fungible tokens or NFTs as they’re popularly known. The trend that started with the popular game CryptoKitties, spread like wildfire and now has the global financial markets scratching their heads. While some people swear by this trend others are still left wondering […]